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← THE SKOLL FUND

Form 990 for tax year 2023

Filed by THE SKOLL FUND.

Totals

Total revenue
$32,535,459
Total expenses
$53,860,192
Contributions and grants received
$0
Grants paid
$50,944,085
Program service revenue
$0
Investment income
$32,535,459
Other revenue
$0
Total assets, end of year
$867,424,730
Total liabilities, end of year
$16,298,840
Net assets or fund balances, end of year
$851,125,890
Program services expenses (Part IX)
$51,073,331
Management and general expenses
$2,786,861
Fundraising expenses
$0
Program service expenses (Part III)
$51,073,331

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,600,988 · unrelated business $864,183 · excluded $1,736,805

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $189,122,752

  • 7b · Less cost or other basis and sales expenses

    securities $159,188,281

  • 7c · Gain or loss

    securities $29,934,471 · other assets $0

  • 7d · Net gain or loss

    total $29,934,471 · excluded $29,934,471

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,934,085 · program services $50,934,085

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 11a · Fees: management

    total $258,492 · program services $129,246 · management and general $129,246

  • 11c · Fees: accounting

    total $65,016 · management and general $65,016

  • 11f · Fees: investment management

    total $2,532,614 · management and general $2,532,614

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $27,286 · management and general $27,286

  • 24a · Other expenses: UBIT Taxes

    total $31,847 · management and general $31,847

  • 24b · Other expenses: Filing Fees

    total $852 · management and general $852

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,480,991 · end of year $4,772,964

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $253,584,720 · end of year $360,021,881

  • 12 · Investments: other securities

    beginning of year $528,072,585 · end of year $502,629,885

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,485 · end of year $0

  • 18 · Grants payable

    beginning of year $651,000 · end of year $16,298,840

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $784,449,811 · end of year $851,125,890

Mission and programs · 2023

Mission

The Skoll Fund is a supporting organization associated with Silicon Valley Community Foundation. Together with the Skoll Foundation, a private foundation, its mission is to catalyze transformational social change by investing in, connecting, and championing social entrepreneurs and other social innovators who together advance bold and equitable solutions to the world's most pressing problems.

Activities or mission (Part I)

Catalyze transformational social change by investing in, connecting, and championing social entrepreneurs and other social innovators who together advance bold and equitable solutions to the world's most pressing problems.

  • INVEST - We invest in social entrepreneurs and other social innovators who offer a compelling vision, creative solutions, and proven approaches.

    Expenses $46,433,590 · Grants $46,316,085

  • CONNECT & CHAMPION - We connect our community to drive towards transformational change through our global network and convenings like the Skoll World Forum to share learnings, join forces, and achieve ambitious goals with other social innovators, funders, and key stakeholders. We use our voice and global audience to champion the work of social innovators, helping extend their reach and expand their impact. Combining storytelling, thought leadership, and strategic alliances, we support organizations to mobilize more resources and create momentum for lasting social change.

    Expenses $3,038,188 · Grants $3,030,500

  • SPECIAL OPPORTUNITY & OTHER - We support timely opportunities that help advance the foundation's mission.

    Expenses $1,601,553 · Grants $1,597,500

As filed on the 2023 return.

Listed in Part VII

  • Cheryl Dorsey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Gayle Smith

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • James G B Demartini III

    Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Lindsey Spindle

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Mitchell

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Rajesh Panjabi

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Shashi Buluswar

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce Lowry

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Debbie Santos

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Don Gips

    Chief Executive Officer

    Total calculated
    $0
    Hours/week
    0.5

  • Marla Blow

    President

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TSF FORE LLC

    INVESTMENT · DE · income $0 · assets $1,059,476

    Directly controlled by SKOLL FUND

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CHSO TSF LP

    Excluded · Investment · DC · share of income -$1,960,496 · share of assets $6,261,096

    Directly controlled by Skoll Fund

  • ICONIQ Access XLI LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE I-B LP

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • ICONIQ DC FUND 1 FEEDER (TE) LP

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • ICQ CPE 2018 B LP

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • ICQ CPE 2019 B LP

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • ICQ CVC 2019 B LP

    N/A · INVESTMENT · CA

    Directly controlled by NA

  • NYDIG INSTITUTIONAL BITCOIN FUND LP

    N/A · INVESTMENT · DE

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Clearlake Opportunities Partners (E-Offshore) LP

    C Corporation · Investment · CJ

    Directly controlled by NA

  • Farallon Co-investment Feeder Fund LP

    C Corporation · Investment · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349316674

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